• 유통과학연구
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• 제14권5호
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• pp.27-37
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• 2016

Purpose - Prior theories expect a lower marginal value of cash for weak governance firms. To test this hypothesis, we examine the relationship between corporate governance structures and marginal cash values in Korean retail firms. Research design, data, and methodology - We estimate marginal cash values based on the model of Faulkender & Wang (2006). The retail firms listed in Korean Stock Exchange from 2005 to 2013 are analyzed. Corporate governance scores are provided by Korean Corporate Governance Services. Results - We show a higher marginal value of cash for the weak governance retail firms in terms of total governance score. Our analysis on a detailed set of governance scores generally confirms this tendency. Yet, a higher marginal cash value is obtained for the firms with better board structures and dividend policies. Conclusions - Our findings argue against the agency view of cash policy predicting a negative relationship between corporate governance scores and marginal cash values. A low marginal value of cash, widely observed in the sample firms, also supports severe resource diversion problem in Korean corporations.

• 농촌계획
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• 제24권1호
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• pp.21-31
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• 2018

This study is a basic research for the development of 'Marginal Village Policy' in response to the hollowing-out of rural areas. For this purpose, the viewpoint of "Regeneration" & "Reconstruction" of the "Marginal Village Theory" and the recent "Rural Planning Theory of Evacuation" in Japan were reviewed. The background and trends of Marginal Village policy in Japan were also investigated. And based on this, the implications and future tasks for Korea were summarized as follows; (1)It is necessary to be interested in the disappearance of villages and marginal villages and to form positive discussions and social consensus. (2)Continuous field investigation and management of changes in population and village functions at regional and village level are required. (3)In addition to increasing the importance of depopulation problems, it is necessary to establish 'marginal villages' as a public policy target. (4)It is necessary to review and consider the viewpoint of reconstruction along with regeneration. (5)It is necessary to pay attention that the software project is expanded, and the regeneration & reconstruction policies of the rural villages are aimed at revitalizing the rural community. (6)It is necessary to consider the possibility of applying 'spacial construction' along with the expansion of the academic debate on the 'rural planning theory of evacuation'. On the basis of this, in this study, rural villages were classified into 'continuous villages', 'semi-marginal villages' and 'marginal villages' according to the degree of marginalization, and the basic framework of 'Marginal Village Policy' was proposed, which is to encourage the differentiated policies of 'continuous villages' by 'rural village policy', 'semi-marginal villages' and 'marginal villages' by 'marginal village policy'.

• 대한치과보철학회지
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• 제42권6호
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• pp.679-684
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• 2004

Statement of problem. There have been few studies about the marginal fit of Auro Galvano Crowns. Purpose. The purpose of this study was to compare the marginal fit of the anterior single restorations. Material and methods. The in vitro marginal discrepancies of metal-ceramic, Auro Galvano Crown and coping were evaluated and compared. The Auro Gavano Crowns were made from one extracted maxillary central incisor prepared by milling machine. 30crowns per each system were fabricated. Measurements of a crown were recorded at 50 points that were randomly selected for marginal gap evaluation. Parametric statistical analysis was performed for the results. Results. Mean marginal gap dimensions and standard deviations at the marginal opening for the anterior single crowns were $74{\pm}21{\mu}m$ for the control (metal-ceramic restoration), $45{\pm}11{\mu}m$ for Auro Galvano Crown coping, and $51{\pm}9{\mu}m$ for the Auro Galvano Crown. Conclusions. Auro Calvano Crown showed significantly smaller (P<.05) marginal gap than the control. Ceramic application did not significantly affected the marginal fit of Auro Galvano Crown. (P>.05)

• 산업경영시스템학회지
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• 제13권22호
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• pp.113-120
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• 1990

This paper is concerned with marginal analysis in the detailed estimation method. In a broad sense all estimates are marginal estimates in as much as they are concerned with creating changes from a current course of action. Only after a detailed ostinato is made can the engineering realize and exploit the advantages of marginal analysis. Marginal analysis is good tool for nonlinear break-even analysis adapted real world, and much more information and efficiency of CVP(Cost-Volumn-Profit) are provided with marginal analysis.

• 대한치과의사협회지
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• 제23권12호통권199호
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• pp.1031-1037
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• 1985

The purpose of this study was to evaluate the marginal sealing ability of 'vivadent.' Using freshly extracted human teeth and 2% aqueous methylene blue, the marginal leakage of dye in restorative materials such as vivadent with acid etching technique, Durafill with acid etching technique, silar with acid etching technique, Adaptic, and Amalgam were investigated at 37℃ and under temperature cycling in range of 4℃-60℃. The results were as follows; 1. All filling materials showed some degree of marginal penetration by 2% methylene blue dye. 2. Vivadent with acid etching technique revealed effective marginal sealing ability, but under temperature cycling it showed increased marginal leakage. 3. All resins showed greater marginal leakage than amalgam restoration. 4. Vivadent had the most effective marginal sealing ability in experimented resins.

• Restorative Dentistry and Endodontics
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• 제8권1호
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• pp.167-172
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• 1982

The purpose of this study was to evaluate the marginal sealing ability of "Silar". Using freshly extracted human teeth and 2% acquous methylene blue, the marginal leakage of dye in restorative materials such as Silar, Silar with acid etching technique, Hi-Pol, Hi-Pol Enamel Bond system, Adaptic and Amalgam were investigated at $37^{\circ}C$ and under temperature cycling in range of $4^{\circ}C-60^{\circ}C$. The results as follows; 1. All filling materials showed some degree of marginal penetration by 2% methylene blue dye. 2. Silar with acid etching technique revealed effective marginal sealing ability, but under temperature cycling it showed increased marginal leakage. 3. All composite resins showed greater marginal leakage than amalgam restoration. 4. Silar had the most effective marginal sealing ability in experimented composite resins.

• 유통과학연구
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• 제14권2호
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• pp.13-22
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• 2016

Purpose - We examine the marginal value of cash in Korean retail firms, largely unexamined in literature. The marginal value of cash plays pivotal role in cash management policy; especially, a significantly low marginal cash value indicates substantial manager-shareholder conflicts. Research design, data, and methodology - We estimate marginal cash values by adopting the approach of Faulkender & Wang (2006). The sample of retail firms traded in Korean Stock Exchange from 1991 to 2013 is analyzed. Results - We estimate the marginal value of cash for the retail firms as 0.75, implying significant manager-shareholder conflicts. We find a lower marginal value of cash for financially constrained retail firms, contradicting existing theories. The marginal value of cash increases substantially after 2000s, suggesting severe agency conflicts in 1990s as a key reason behind our findings. Conclusions - Our findings support the substantial resource diversion problem in Korean firms and the agency theory of cash management policy. Our results argue against the widely accepted view focusing on implications of financial constraints, which highlights a need of new cash management theory.

• The Journal of Asian Finance, Economics and Business
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• 제3권4호
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• pp.5-16
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• 2016

Prior literature expects a lower marginal cash value for weaker governance firms. We test this empirical hypothesis by using the sample of publicly traded Korean firms from 2005 to 2013. To measure the quality of governance structures, we employ the corporate governance scores provided by Korean Corporate Governance Services. The empirical model of Faulkender and Wang (2006) is adopted to estimate the marginal value of cash. Our empirical analysis shows a higher marginal value of cash for the good governance firms in the examination of the total governance score. This finding is consistent to the agency view of cash policy predicting a larger marginal value of cash for the firms with higher governance scores. However, this positive relationship is not robust for a subset of detailed governance scores; a lower marginal cash value is observed for the firms with better qualities of board structure, auditing, dividend policies. Moreover, our empirical analysis verifies a quite low level of marginal cash value for Korean firms, which supports the existence of severe agency conflicts in Korean corporations. Our results verify the significant role of agency conflicts between a manager and shareholders in the determination of marginal cash values in the Korean firms.

• 대한치과보철학회지
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• 제23권1호
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• pp.113-123
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• 1985

The purpose of this study was to evaluate the marginal fitness of collarless metal-ceramic crown formed with direct lift technique using wax compared with metal-ceramic crown with metal butt margin. Twenty crowns, ten were collarless metal-ceramic crowns and ten were metal-ceramic crowns with metal butt margins, were made and cemented on epoxy resin dies, and their marginal openings were measured on scanning electron microphotographic prints at x200 magnification. The results were as follows; 1. In the case of collarless metal-ceramic crowns, the mean marginal opeining was $43.78{\pm}17.67{\mu}m$, the mean maximum marginal opening was $52.81{\pm}19.81{\mu}m$, and the mean minimum marginal opening was $34.99{\pm}16.58{\mu}m$. 2. In the case of metal-ceramic crowns with metal butt margins, the mean marginal opening was $47.62{\pm}25.55{\mu}m$, the mean maximum marginal opening was $61.90{\pm}24.39{\mu}m$, and the mean minimum marginal opening was $34.86{\pm}24.92{\mu}m$. 3. There was no significant difference between two types of crowns at the 99% confidence level. 4. The marginal fitness of collarless metal-ceramic crown formed with direct lift technique using wax was clinically acceptable.

• 대한치과기공학회지
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• 제37권2호
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• pp.69-76
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• 2015

Purpose: In this study, the marginal fitness of ceramic Co-Cr metal crown made by precision casting, milling, and selective laser melting method were compared. Methods: The ceramic Co-Cr metal crown manufactured by precision casting used the lost wax(LC specimen) method. The abutment were scanned and then made by milling(CM specimen), selective laser melting(CS specimen) method. The specimen were cut bucco-lingual and mesio-distal, and absolute marginal discrepancy and marginal gap were measured using a digital microscope. The surface roughness of the crown was also observed. Results: On the bucco-lingual axial, absolute marginal discrepancy was the LC specimen $31.72({\pm}4.58){\mu}m$, the CM specimen $78.29({\pm}3.28){\mu}m$ and the CS specimen $143.13({\pm}3.83){\mu}m$, respectively. On the bucco-lingual axial, marginal gap was the LC specimen $22.70({\pm}1.46){\mu}m$, the CM specimen $22.70({\pm}1.49){\mu}m$ and CS specimen $99.60({\pm}1.57){\mu}m$, respectively. Conclusion: For ceramic Co-Cr metal crowns, LC specimen was superior for absolute marginal discrepancy and marginal gap. The surface of metal crowns by selective laser melting were the roughest.